SXPUSDT
SXPUSDTLooks like an interesting coin for now.
It does have the potential to see new highs... I might get into it myself,
but before that, we have to wait and see if it can breakout that resistance (as shown on chart).
After the breakout was confirmed above the resistance, its good to go!
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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Comment if you need a chart 💬
🆓Swipe/USDT Analysis (2/3) #SXP $SXPThe selling force is still strong and dominated, so we should follow the downtrend by selling SXP at 2.4$ zone for the targets at 1.8$ and 1.2$
Only if SXP conquers 2.4$ zone, we will expect a recovery to 3.2$ zone
📅NEWS
👉Apr 30 : V2 Wallet App
👉Jun 30 : Burn & Stealth Releases
👉Jun 30 : DeFi Integrations
👉Dec 31 : Swipe Financial
📈BUY
-Buy: 1.7-1.8$. SL if B
-Buy: 1.1-1.2$. SL if B
📉SELL
-Sell: 2.35-2.45$. SL if A
♻️BACK-UP
-Buy: 2.35-2.45$ if A. SL if B
-Sell: 3.15-3.25$. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SXPUSDT (SWIPE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- SXPUSDT brokeout above the descending trendline resistance (DTR-1) and retraced, breaking down below the ascending trendline support (ATS).
- Price retraced for a test of the 0.618 fibonacci retracement level.
- The retracement was resisted by the descending trendline resistance (DTR-2).
- Price brokeout above the descending trendline resistance (DTR-2).
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.